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I really think Dennis wants the next PR to be of significant substance so he got out of his M-W-F followed by T-T pattern. Waiting for all of the t's to be crossed and i's dotted. I would expect him to return to Nashville this week and then the PR parade will begin. This one will take patience. The shorts will continue to cover on dips. IMO if we break $0.05 we will open some eyes and then if we can make it to $0.10 we will definitely see some faster covering. Looks like we had shorting initiated around $0.25 but really stepped up around $0.05. So if we break closer to $0.05 we should see the big push to cover. For now they think they are pretty safe since we keep bouncing off of the ceiling of $0.04. Dennis can announce a $0.05 dividend and we will break through that and more. I don't care if this take 3 months, 6 months or a year. When this plays out it will fatten all of our wallets. GLTA.
Yep, still accumulating at these levels. I want a million of my own but I'm trying to grab some at $0.003 if they will give them up that low. Easy triple from there and possibly more. Just need a few contracts and a healthy 10K.
Come on give me some more under $0.03. No fill yet, just looking for another 35,000, not that much. Come on people the sky is falling, sell everything you got. LOL!!! I missed the last chance at this level but I won't miss this one.
Can't wait for that $0.05 special divy news. This one is going to play out just like IDWD. People seem to think that the NEWS is all out already. Boy will they be surprised.
Did we stall today on account of the poor housing start data? If that is the case then this is an excellent buying opportunity. People do not understand that that is new house construction which includes mostly suburbia, which IMO has grown too much too fast. But LFWK is a niche of sorts in that it focuses in the downtown loft market which has very limited supply growth versus suburbia. People are willing to pay a price premium to live downtown closer to work because of the prestige as well as gas savings. Great pre merger buying op here.
Has anyone actually spoken to Dewey Bain? I mean, did anyone on here attend the shareholders meeting. I don't recall seeing any conference calls or anything but perhaps the company will hold one for the 10K release. The December newsletter was very promising but we haven't had one in 3 months. I'll hit up Mary Hitt and see if we can get one for March or April. They should really consider a monthly newletter like the ones they have there now. That would only take about an hour to draft up and ten minutes to post on the site. It wouldn't cost the company any extra. BSIO does something like this now and they mention new contracts, R&D focus and the amount of outstanding purchase orders. Very informative and keeps shareholders happy and accumulating.
Does anyone know if the TranTRAK is purchased by customers or is it included in the lease ($40 per month monitoring fee)? If it is included I would think this would be an advantage over HISC's CYBERTRACKER. Those things sell for $400 and then you still need to pay a service fee (granted I think it is less then $40). But we all know how quickly technology can change, so if the product is leased then perhaps upgrades can be made available for a slightly higher monitoring fee.
Looks like a very solid base here at $0.04 waiting for the merger to complete. The Suja financials pushed us on the top side of $0.04 and we are holding strong there. Any buying pressure at this point will push us back to $0.046. To break that level though it will take a bit more clarification (i.e. filed forms to uplist, audited financials, project details). I would think we could get a penny per item in that list. So that would get us closer to $0.08. If we can complete the uplist we should easily test the $0.10 level. A short squeeze throws those targets up a bit though. If the short position is as large as we think then you might double those targets.
Yep, I'm still here. Just been busy at work lately. Still accumulating at these levels. Waiting on contracts and additional merger news. This company really needs to expand its sales and marketing. Take some notes from HISC. There has got to be at least one conference a month throughout the U.S. that these guys should be attending. Maybe lobby with the TWU for some support or get an old TWU leader on the board. What we really need is a Penske or UHaul deal to launch this one. They can still tap into the school bus industry as well. Need to continue focus on the municipal vehicles though because that seems to be a growing need.
If you have a sec take a look at PWNX (Powerlinx Inc.). I think these two companies might make a nice match. Both share the same customers and a combined product would offer two uses. PWNX just initiated a 50:1 RSS though so we might see a pull back in response to that. Jus throwing that out there. Don't own any yet, but will if it pulls back.
Yeh the shorts think there will be more weakness eventually so no need to cover. They see the pause below $0.05 and think they might be winning. Perhaps some even opened up additional short positions to quell the buying pressure. Company is holding tight. I am holding tight. I suggest ya'll do the same. At least until we are north of $0.05 and closer to $0.10. After that, to each his own. I think we all agree though that the upside potential is about $0.25, unless you consider there to be an even larger short out there in which case we can demand any price we want for our shares.
Wouldn't it also be safe to assume that company should also be worth more then it is right now because it holds a large majority of the shares. It would appear these shares were all acquired at the sub $0.02 level which means simply from its investment in its own stock alone it is sitting on 100% paper profits. This is amazing.
Very nice buying opportunity here. I will have more free cash tomorrow if this continues. Base at $0.04 could last until the 24th when things become official. Next rise will follow the filing of the actual paperwork for the move up. Supported by additional Consultech merger details. Further jump once CUSIP change is announced and dividend is raised. LFWK still needs buyin from more big investors to raise the divy. Once the entire float is accounted for then they are covered and can set a $1 divy if they really want to. Patience will pay big on this one.
I'm looking forward to tomorrow. Higher highs and higher lows, good strength. Once we break $0.05 we should zoom to $0.10. Only a matter of time before they let this one go. Can't wait!
I have a couple quick questions if anyone here can help me out.
1. What do we see the number of outstanding and authorized shares being post merger?
2. Any idea of the value of Consultech other then Suja Brothers?
3. What roll does Kore International play in all of this other then mediator for the merger?
Thanks!
Don't know about today for sure, but we should break through $0.05 this week sometime. A close above $0.046 should indicate a breakout and send us through $0.05. Just need to keep the info flowing and the volume up.
Holding some free shares here. Not worth writing off a couple hundred dollar loss for these shares. Who knows maybe management will get their act together and try something new. All it takes is a few PR's about their old technology or a new direction and we could take off again. Can anyone explain the recent jump? I was thinking the price of MGEN but that is not the case. Perhaps the company is securing funding or something like that. Or maybe someone just decided to load up in case there is a run. Either way I'm riding this one which ever direction it goes. GLTA.
Better yet why don't they first get some engineers to actual build better levees down there. The sheer fact that some buildings are below sea level just baffles me. Really need to fix that before we start engineering tougher buildings to withstand worse weather.
The double banger for PLKC is that it could be the merger partner but if it is not that won't effect the share price much. Not like we have had a run up in expectation that this will be the one. So if it happens we really win and if it doesn't we don't stand to lose all that much. The second thing is the potential for a few more contracts. I really think some big things are in the works. I think these conferences will pay dividends in the future. I also like the fact that we have not heard anything about Mexico in awhile. Estella Blanca has 5,000 buses down there and we have only installed in 100. They are continuing to grow through acquisition as well. My guess is that management pulls things together and we double or triple revenues this year versus last. That probably won't get us to profitability, but with some cost cutting measures we can get close. One thing that caught my eye was the 195% increase in revenues from Q1 2005 to Q2 2005.
Nice finds Minddoc7. PLKC is OTCBB right not PK? Sense Holdings Inc. has been on my radar for awhile. This would add a solid biometric product solution to HISC. Balance sheet looks pretty good. Both seem to focus on port security. Perhaps HISC is the R&D partner for SEHO's hand held explosive detection device.
Yep, this one looks good too. Plenty of shares available as well to make this happen. Looks like they have been cleaning things up as well by converting a good bit of debt. Need to look at a few more things but will probably add a piece to my portfolio.
Thanks.
I like this board, does anyone else have any ideas of who might be the merger partner and why? Let's throw out the idea that it needs to be at $0.50 right now. So the only restriction is OCTBB stock. Any thoughts?
happydog, No i don't think there will be a selloff at $0.25 but maybe at $0.50. That is if everything magically happens the way i was thinking that it might. It is really unfair to just throw a price out there right now. If they merge into one company i agree that there is enough value there to support a $30-50M market cap, so if there are 300 million shares that's $0.10 to $0.16 but if there is 100 million shares that's $0.30 to $0.48. Hard to say what the exact share price will be. We can only take guesses at the total market cap after the merger. If they remain seperate companies then you have to divide our market cap estimates back out across all entities. Anybodies guess.
TA = $6,206,254
TL = $5,616,326
SE = $589,928
No Goodwill crap.
Cash = $3.5M
Net Income = $267,000 last year
All of that came from un-audited internal financial statements from the CEO posted to www.pinksheets.com recently.
Sure beats the ($20,000,000) accumulated deficit for most pinkies.
Profitable, with positive shareholder equity, plus no accumulated deficit, this one is a no brainer if you are looking for value.
Ataglance2, what leads you to believe that the company HISC would merge with needs to have $0.50 per share price right now? From what I can tell they want to emerge from this union with a share price of $0.50 for the united company. That being HISC + ActSoft + hopefully PLKC. I could see a share price of anywhere from $0.25 to $0.50 over 300 million shares. 150 million for HISC owners at something like a 10:1 conversion (dividend), 50 million for PLKC owners at more like a 50:1 basis, and 100 million for ActSoft owners. That would translate into a market cap for PLKC of anywhere from $3.7M to $7.5M which is nice compared to the current $2.4M. HISC would be like $17.5M to $35M which is about right for its current $21M. I think ActSoft will be happy whatever they get or they wouldn't be for sale. So it is a win-win-win situation.
PLKC brings a good deal to the table for HISC. PLKC has exposure to the commercial trucking industry and municipal waste management. HISC has the international and government exposure. HISC has the middle east and PLKC has Mexico. PLKC has been granted preferred vendor status by a national franchise which means its product has potential. HISC is working at gaining support in Europe now through British ports. I see this as a nice match.
PLKC has experienced a ramp up in share volume of late. 200 day averae about 11.8M versus the 50 day at 23.5M. Could just be this rumor and nothing more. Could be further dilution from mamangement. Or it could be management is soaking up and shares at this level that they can. No pressure on MM to raise it up because no news or actual sign of progress right now. Either way I am willing to ride this one just for the chance that it is the one. Also any additional contracts could move this one on its own. Maybe someone with a more technical background can compare the two products and give us an idea of how they compare. Maybe I'll try it myself but I'm not that techie smart.
Here's my guess...someone mentioned PLKC the other day. From what I can tell this makes perfect sense. Both companie shave over 700 million shares so they both need a RSS. How better to deter the selloff in conjunciton with a RSS then to form a stronger merged company. I beleive the three companies combined will greatly reduce costs through economies of scale. HISC needs PLKC to enter the trucking industry and PLKC needs HISC for the international and government exposure. Both company's products look about the same but could probably share some technology to have an even better product for all of these markets. I was thinking HISC owners would get 6:1 on the new stock and PLKC owners more like 50:1. I think the new stock should be valued about $0.25 per share. Anything more could lead to a sell off IMO. After that I think the total outstanding shares would be about 200 million which is perfect. That allows for quite a bit of room to grow especially with an authorized of something like 1 billion (just in case). PLKC really cleaned up their balance sheet last year. They converted alot of debt and now they are showing a positive shareholder equity. My hats off to whomever found this one. I think this would be a match made in heaven. I do believe that HISC will remain a shell company pinksheet stock. This can later be used for spinning off a subsidiary or selling it to another company. Getting rid of it entirely would not benefit the company at all.
It is good we are starting to see some opposition to the stock now. I remember when this started with IDWD. At least the children have not arrived yet.
To address the eariler issues of riskiness in the real estate business there are three things that effect the "risk" and those are the bubble in prices, the interest rate, and the supply of available dwellings. Be careful not to compare LFWK to suburbia housing builders. Those are the ones that run the most risk when it comes to the above three items. Go downtown in any city and look for a for sale sign, see any? Now drive through just one street in suburbia, I see at least one for sale sign per block. There is also a prestige of living downtown versus suburbia. Interest rates are on the rise, which may slow down the buying of lofts. However, LFWK has the ability to rent them as well. Since the supply of units in the inner city is limited these lofts may also prove to be decent investment properties for real estate investors. Sure the high rises continue to get higher and the view is better from up there, but there is just something to say about only having to take one or two flights of stairs each day before you hit the street versus a wait for the elevator and the possibility of crowds in your own building during peak hours. I will agree with you that 9/11 put a kink into the movement trend back into the cities, but I think the gas prices over time will undo that and continue the movement. These are just my opinions of course.
Not much substance to that PR. I guess they just wanted to get an update out to their shareholders. I really like this company and how they work. I thought the stock might continue south though since no milestones were expected for a couple months. Keeping this one on my watch list.
Wits Basin PR
Wits Basin Provides Updates on Gold Exploration Projects
THURSDAY, MARCH 16, 2006 7:16 AM
- BusinessWire
MINNEAPOLIS, Mar 16, 2006 (BUSINESS WIRE) -- Wits Basin Precious Minerals Inc. (WITM) announces the following updates on its South African and Colorado gold exploration projects.
FSC Project
Just recently, AfriOre Limited (CA:AFO) , our joint venture partner and the operator at the FSC Witwatersrand Project (which stands for "Free State Cape" project) recently met with members of our management and board of directors and provided an update of the newly available seismic data, including various geological documents that are currently under review by AfriOre's team of experts. Their team has identified the area for the next drilling target by utilizing last year's drilling results and the follow up study of geophysics and geophysical interpretation. Plans are underway to secure a drilling rig as soon as available and place it into service. Wits Basin should have updated information within the next six weeks.
Bates-Hunter
Plans for a site visit by Dr. Clyde Smith and members of his consulting team have been scheduled. They will be selecting the location for the underground drill station in order to test for the multiple parallel veins believed to be present within the current mine workings. The recently announced assay results, supplemented by the samples currently being tested, will be used to develop a plan to search for various multiple vein structures. The drilling equipment has been readied and delivered to the mine site.
The surface drilling program is still being reviewed and drilling contractors are being located and qualified. Wits Basin should have updated information within the next four weeks regarding the feasibility of a surface drilling program.
Shake baby, shake. Shake baby, shake. EOM.
Do some DD I think you will like the comparison.
IDWD = LFWK
If you really want to see what I think is going to happen with this one then check out IDWD. We have a similar situation here. I think there were a great deal of shorts in IDWD during the recent run-up. There were alot more bashers over there though, but I am sure they will continue to migrate over to here. I heard almost the same stuff from them that the company was nothing but a scam and the CEO was a crook. IDWD did a 50% retrace and then ran almost 300%. The big difference is that IDWD only claimed to have a large percentage of the float under control while LFWK claims to have almost 90% of it covered in house and on this board we have just about the rest. Today's dip simply shook the weak hands out and enabled stronger hands to accumulate. This one is setting up nicely. IDWD announced the sale of its homeland security division for $40M+ and LFWK is acquiring a company with $25M in assets and the potential for $200M in revenue. The difference here is that LFWK's acquisition is much more out in the open then IDWD's buying counterpart was. IDWD announced a one time special dividend of $0.80-$1.15 which will be clarified tomorrow. By the way the dividend started at like $0.50 and increased. I could see LFWK increasing their dividend to something like $0.05 a share if it can get more "big fish" to promise to return the dividend to the company. I'd hate to be sitting on a couple million shorted shares and have to come up with a quarter or half million to pay the divy. Ouch! IDWD had the potential spin off of its 995ad.com website to justify higher trading levels. LFWK has $10M in financing and up to what, 7, potential projects.
To me this looks just about the same only I beleive LFWK holds more potential then IDWD. Perhaps someone should drop a little note onto that board and see if anyone would like to jump aboard this ride and parlay their winnings.
In the past I have heard that these subbies often need a 50% retrace before another move up. If you call the start of the move about $0.003 to $0.005 and the top around $0.045, then the 50% retrace would be complete at about $0.023 to $0.025. We should begin to see some strady resistance up to the $0.03 level where we may base until shorts attempt to cover or the merger completes. There is a nice chance to double or triple pretty easily from here so I have doubts that we will continue any further down. On the other hand if the shorts are fighting back we could have seen another 10 million shares dumped onto the market today. They could be digging themselves a deeper grave.
Clearly these statements on pinksheets.com are internal statements only because they are not marked as Unaudited and there are a couple of issues. Take the Cash Flow Statement for the Fiscal Year End 12/31/05. At the bottom it says the cash at 12/31/05 is $5,276,486 yet on the balance sheet we are showing only $3,500,000. Most likely if there is a move to the OTCBB in the future LFWK will simply take these to an accounting firm which will clean them up and restate everything before filing. Either way at least we are now able to see a ballpark of the company's business since it went public.
Panic selling and profit taking IMO. This will end soon. These shares are in better hands now that the weak hands are leaving. Looks like we sell off to $0.03 before we run again to $0.05 plus. Either way we all know the story behind this one and if you are still holding then you are among the believers. GLTA.
Nah, if you bought shares then they exist. It is the uncovered shorts that over extended. Their shares do not have a matching share. So in the event that they attempt to close their positions we will see another big run up. Hence the squeeze references.
Just from a pure asset purchase perspective Consultech is worth $25M and LFWK has 200 million of the 500 million shares earmarked for the purchase of this private company. If my math is correct then each of those 200 million shares is actually worth $0.125. With insdiers controlling most of the float any buying pressure will continue us higher. Not sure why anyone would be selling at this level with the higher potential out there. With that said I can understand some profit taking. So I guess once we get through that we can continue our movement north of $0.05. IMO the next stop will be $0.10.
Nice and steady resistance around $0.04. Once the profit taking subsides we should make a move at $0.05 today. Still a bargain if we complete the bowl. Can you feel the squeeze starting?
Very nice pull back to $0.03 as we make our next leg up to $0.05. I tend to agree, we should be closer to $0.10 by the end of the week. I expect a slight dip into tomorrow morning though as we have some profit takers that do not realize the full potential here. We will need at least a two or three day run to get this on more screens. 20 million shares tomorrow should get us over $0.05. Gotta love that squeeze.
Wits Basin PR
Wits Basin to Initiate Early Drilling Plan; Dr. Clyde Smith Develops Parallel Vein Exploration Program
WEDNESDAY, MARCH 08, 2006 7:08 AM
- BusinessWire
MINNEAPOLIS, Mar 08, 2006 (BUSINESS WIRE) -- Wits Basin Precious Minerals Inc. (WITM) has received an update from one of its consultants, Dr. Clyde Smith.
Dr. Smith stated, "A compilation of geologic data by Wits Basin's geologist, Mr. Brian Alers, presents evidence that at least three significant veins lie parallel to the Bates vein, the principal previously mined high-grade gold vein on the property. These three veins have remained unexplored. It is recommended that an underground drilling program be conducted at once to test these veins. In addition to testing the potential of these three veins in the upper levels of the Bates-Hunter Gold Mine, geologic information derived from this drilling program will contribute greatly to one of the goals of the project, that being to drill from surface across the entire Bates-Hunter vein system at depths beneath the 745 foot lower limit of previous mining. Mining of neighboring gold veins in the Central City District has demonstrated that high-grade gold ore exists to depths of at least 2,250 feet."
Wits Basin management believes these veins could produce even greater potential for ore than previously believed
Excerpts from reports of Geologist Brian Alers:
Additional Vein Structure:
"The discovery of additional gold-bearing veins at depth is very encouraging and indicates that more veins could be found at the Bates-Hunter Mine."
"New exposures on the 112-foot level show that the old time miners only mined the high-grade central portion of the Bates vein, and 5-6 feet of vein material may still exist in the hanging wall of major stopes. Just east of the shaft, on the 112-foot level, the Bates vein consists of a 2 to 8 inch thick coarse sulfide vein on the footwall of the zone, along with 8 feet of sheeted hanging wall veins which flank approximately 3 feet of mined material. The sulfide vein remains substantially untouched along the foot wall rib of the drift. The hanging wall veins consist of a parallel series of 2 to 4 inch thick limonitic clay and quartz rubble veins occurring about every foot or so between sericite, clay and pyrite altered wallrock. Historical mining seems to have focused on the extraction of only the richest 3 feet of veins immediately adjacent to the sulfide vein."
New Undeveloped Veins:
"Compilation of existing data suggests that structural features control the emplacement and geometry of the gold ore shoots and deposits in the Central City district of Colorado. In the immediate area of the Bates-Hunter Shaft, considerable potential exists for the discovery of additional zones and shoots within the extensions of 3 unexplored known veins which parallel to the Bates vein. The Gettysburg vein projection lies about 125 feet northwest of the Bates shaft, and has about 800 feet of unexplored strike length. The German vein projects southeast of the Bates shaft and may be only 40 feet away from the Bates vein footwall. The Gaston vein projects 200 feet southeast of the Bates shaft and has 1,200 feet of unexplored strike length."
About Wits Basin Precious Minerals Inc.
We are a minerals exploration and development company holding interests in three exploration projects and currently do not claim to have any mineral reserves on any project. Our common stock trades on the Over-the-Counter Bulletin Board under the symbol "WITM." To find out more about Wits Basin Precious Minerals Inc. (WITM) visit our website at www.witsbasin.com.
Probably a gapper in the morning to somewhere around $0.025. Hang on to your shares and watch this one move. I wish I hadn't sold enough to get my initial investment out. Boy did I give up a boat load of profits.
Shorts or no shorts we will see a squeeze. Merger potential alone will generate buying interest as well as when they announce the projects which will be funded by the $10M. By insiders I think he is referring to the $20M of private funding announced in September. I believe management struck a deal with a funding source to accumulate up to $20M in LFWK stock at what they believed to be a highly depressed price. These are the individuals that are offering to sell the shares back to the company in the future. There is a possibility that the recent run from $0.004 to now was caused by the completition of this type of buying. There is a chance that the $20M was implemented and the entire 200 million float was acquired. So any further buying pressure will cause this one to move very quickly since the float is substantially less then 200 million. My guess is that we have some short positions out there. Perhaps to the toon of about 20 million shares. So if any of those positions attempt to cover they will cause a run. If any additional buying pressure enters the picture then this one will run. At this point we are sitting on a powder keg just waiting for a spark. I withdraw my previous estimates of $0.02-$0.03. I'm holding for north of $0.05 now. GLTA.
16Feb PR states funding should be received in 2-4 weeks. Yesterday (2Mar) marked the 2 week point. So either next week or the following week we should get the $10M announcement. Anyone getting in at these levels will be considered in early and anyone who got in below $0.01 will look like geniuses. LOL. We should break $0.02 next week in anticipation of the news. If we get more details on the projects for the $10M and the merger plans we could really fly. I think $0.02 is safe, $0.03 is about right and $0.05 is out there as a possibility.
Whatz it going to take to get us over the hump? Probably another million block trade to break us out. Anyone have $10K sitting around that wants to really make this interesting? You know even at $0.01 we are still only valued at about $2M market cap. That is pretty sad considering that $10M in funding is on the way and this pinkie actually has a book value (and not one padded by a huge chunk of goodwill). I think at last look we were around $590,000 book value (Total Assets minus Total Liabilities). I still think $0.02 would be a reasonable value for this company right now (or at least after the funding is finalized and merger completed).
Come on let's do it today. Heck just one trade above $0.01 would make me smile. Boy I wish I had a million shares or this baby. I never should have stopped buying.
I'm not betting on a big move from that PR. Likely enough to support us at this level but the $10M ticket will be the one to move us north at a rapid pace. I can't even begin to dream up all the projects that can be started with $10M in financing. The completion of the Ambrose Project simply validates that this company can be successful and that their business model is profitable. I wonder if we are phasing out the Loftwise TV show project? Haven't heard anything about the pilots that have been shot. No big loss if you ask me. The true profit lies in the increasing demand for downtown lofts and urban renewal. Not to mention what the merger brings to the table.